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Namibia Central Bank to Complete Crypto Study By April 2022, Current Laws Do not Permit Use of Digital Assets
Summary: The Bank of Namibia (BON) is to complete its study into cryptocurrencies by April 2022, the central bank governor, Johannes Gawaxab recently confirmed. The governor however reiterated that cryptocurrencies are not legal tender as there is currently no provision for digital currency use in the country’s laws. Although Gawaxab did acknowledge that cryptocurrencies “are not ...
The Bank of Namibia (BON) is to complete its study into cryptocurrencies by April 2022, the central bank governor, Johannes Gawaxab recently confirmed. The governor however reiterated that cryptocurrencies are not legal tender as there is currently no provision for digital currency use in the country’s laws.
Although Gawaxab did acknowledge that cryptocurrencies “are not a bad thing,” he still argues that attempts to approve the use of cryptocurrencies in Namibia will not be easy.
He explained: "As Common Monetary Area [CMA] four countries, Lesotho, Swaziland, South Africa and Namibia, we need to collectively look at the cryptocurrencies."
By Amy Liu
Tags: Central Bank,Crypto,Namibia
Link: Namibia Central Bank to Complete Crypto Study By April 2022, Current Laws Do not Permit Use of Digital Assets [Copy]
